Protecting your Future
HOW DO I PREPARE FOR RETIREMENT?
We will work with you to define your retirement goals - ensuring the best method and timing for you.
A personal pension plan helps you save money for retirement and is available to any UK resident under the age of 75. Contributions to a personal pension attract tax relief at your marginal rate.
A stakeholder pension is a type of personal pension plan designed to provide an optional lump sum and income in retirement. They are available to any UK resident under the age of 75.
A regular payment made by the government to people who have paid or been credited with a minimum amount of National Insurance contributions and have reached State Pension Age.
An annuity is a contract between a provider and a pension scheme member where the member uses some or all of their pension savings to purchase a regular and guaranteed income.
Drawdown is a more flexible approach which has recently been introduced, allowing access to your pension funds in ways not seen before, matching your individual needs and requirements.
Any employer (with at least one member of staff) must automatically enrol every employee between the age of 22 and State Pension Age, earning in excess of £10,000 per annum, into a workplace pension scheme.
Tax treatment varies according to individual circumstances and is subject to change.
The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than invested.